Wall Street loved the unexpected news from the Fed, with the yield on the benchmark 10-year Treasury dropping to its lowest yield in weeks.

Charges paid by the seller for certain items are included in points and fees, such as a title insurance fee paid to an affiliate of a creditor.

Certain provisions of the loan originator compensation rule – such as those having to do with record retention, anti-steering and compliance and procedures – kick in January of 2014.

Mortgages banking firms are still in demand, but pricing may fall. And at Wells Fargo, it's jumbo rates remain cheaper than GSE rates.

CFPB director Richard Cordray could be softening somewhat in response to the mortgage industry’s plea for regulatory enforcement relief when the new rules take effect in January.

Loan standards are not loosening on conventional mortgages, but in the jumbo space the story is entirely different.

The city council’s favorable vote represents a rare notch in the win column for MRP, which has suffered numerous defeats in local jurisdictions across the nation, likely at a substantial loss to the firm’s financial backers.

Over the years, HUD has seen a steady decline in its staffing level – perhaps to its lowest level ever, in fact – while at the same time being called upon to administer an increasing number of programs.

The mortgage industry is feeling immense pressure of implementing the avalanche of new rules from the Consumer Financial Protection Bureau.

The government is seeking due diligence reviews performed by Clayton, as well as all communication between the clients for whom the company performed such work.